Thrivent Financial for Lutherans Grows Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Thrivent Financial for Lutherans boosted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 223.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 555,287 shares of the company’s stock after buying an additional 383,478 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.98% of e.l.f. Beauty worth $60,543,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its stake in e.l.f. Beauty by 39.5% in the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after acquiring an additional 1,501,151 shares in the last quarter. William Blair Investment Management LLC boosted its stake in e.l.f. Beauty by 12.5% in the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock valued at $318,647,000 after acquiring an additional 168,267 shares in the last quarter. Clearbridge Investments LLC boosted its stake in e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after acquiring an additional 576,383 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in e.l.f. Beauty by 55.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock valued at $79,633,000 after acquiring an additional 261,707 shares in the last quarter. Finally, Swedbank AB acquired a new stake in e.l.f. Beauty in the third quarter valued at approximately $76,321,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ELF. Robert W. Baird lowered their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. JPMorgan Chase & Co. lowered their price objective on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Morgan Stanley lowered their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Canaccord Genuity Group lowered their price objective on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, Stifel Nicolaus lowered their price objective on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average price target of $173.53.

e.l.f. Beauty Trading Up 1.3 %

Shares of e.l.f. Beauty stock opened at $122.85 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The firm has a fifty day moving average price of $111.39 and a 200 day moving average price of $154.07. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The stock has a market cap of $6.92 billion, a PE ratio of 65.58, a price-to-earnings-growth ratio of 2.66 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The company had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. During the same quarter in the previous year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis. Equities research analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at $14,465,883.20. The trade was a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is owned by corporate insiders.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.